Question

directions: save this document as factors that \what options do consumers have to protect themselves\. when you have finished answering all the questions, send this document to mr. kireopoulos using ms teams
multiple choice questions: choose the correct answer from the choices for each question. highlight your answer.

1. what is one fundamental protection for consumers?

a. the right to misleading advertising
b. the right to receive accurate information i
c. the right to unlimited refunds
d. the right to ignore warranty laws

1. what can consumers do if they experience identity theft?

a. ignore the situation
b. report to credit bureaus
c. wait for the bank to notify them
d. change their name

1. which agency investigates violations on behalf of consumers?

a. consumer protection agency
b. national security agency
c. federal bureau of investigation
d. department of justice

1. what type of service can help consumers monitor unusual activity on their accounts?

a. free trial offers
b. credit monitoring services
c. social media alerts
d. friend recommendations

1. why is it important to understand the terms of service for products?

a. to avoid making informed decisions
b. to identify hidden fees
c. to ignore warranty options
d. to increase spending

Explanation:

1. Question 1: Consumers need accurate information to make informed choices. Misleading advertising (a) is bad, unlimited refunds (c) and ignoring warranty laws (d) are not fundamental protections.
2. Question 2: Reporting to credit bureaus (b) is a proper step for identity theft. Ignoring (a), waiting (c), or changing name (d) are not effective.
3. Question 3: The Consumer Protection Agency (a) is for consumer - related violations. National Security Agency (b) is for national security, FBI (c) for broader crimes, and Department of Justice (d) has a wider scope.
4. Question 4: Credit monitoring services (b) track account activity. Free trial offers (a), social media alerts (c), and friend recommendations (d) don't specifically monitor accounts.
5. Question 5: Understanding terms helps identify hidden fees (b). Avoiding informed decisions (a), ignoring warranty (c), and increasing spending (d) are not valid reasons.

Answer:

1. B. The right to receive accurate information
2. B. Report to credit bureaus
3. A. Consumer Protection Agency
4. B. Credit monitoring services
5. B. To identify hidden fees